May 23, 2022
By Sharan Kaur Phillora
According to data released this week, the total value of non-fungible token (NFT) sales across more than a dozen distinct blockchains has topped $36 billion. While there are 18 competing blockchains that offer NFTs, Ethereum-based NFT sales account for more than 75% of all sales. While Ronin has the second-highest number of NFT sales, NFTs from the game Axie Infinity have long been the best-selling collection, with more than $4 billion in global sales to date.
Here’s what we know:
As the NFT ecosystem has grown into a multibillion-dollar business, the world of blockchain-based digital collectibles has become a force to be reckoned with. According to this week’s data, total NFT sales have reached $36 billion to date.
The $36 billion in sales listed on cryptoslam.io’s NFT dashboard come from 18 distinct blockchains, including Ethereum, Ronin, Solana, Avalanche, Wax, Polygon, and Flow. However, Ethereum’s $27 billion in NFT sales is 75.02 percent of total sales across all chains.
Aside from Ethereum, the top blockchains in terms of all-time NFT sales are Ronin ($4 billion), Solana ($2.2 billion), Flow ($1 billion), Polygon ($591 million), Wax ($430 million), Avalanche ($277 million), Immutablex ($98.7 million), Palm ($50.5 million), and Tezos ($40.4 million). The top nine blockchains’ total NFT sales account for approximately 24.61 percent of all non-Ethereum-based NFT sales.
The next nine blockchains below Tezo’s position account for only 0.37 percent of the total $36 billion in NFT sales volume. The only two chains having more than a million unique NFT purchasers are Ethereum (1,300,118) and Ronin (1,742,207).
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.
